If you find yourself lost in the sea of eBay wholesalers, it is not unusual. The competition in the market is increasing even as you read this article. The online wholesale market has become more like a jungle with simple rules like “Survival Of The Fittest”. However, before you attempt to be the fittest, it is essential that you know what fittest really means. Although many eBay wholesalers have vague ideas of what it means, they cannot come up with a precise definition. Here is some help for you:
• Network: A network is the most critical part of an eBay wholesaler’s infrastructure. We are not talking about computer networks, although they are the part of the picture. What really sets apart some eBay wholesalers from the others is the fact that they are always connected to the best deal by their network of agents or suppliers worldwide. They have up to date information about any wholesale lots that may be available for sale at a bargain price. So, while the others are ignorant of these facts, these guys close the big deals and make money by cutting prices on eBay.
• Systems: An eBay wholesaler’s job is that of keeping their operations efficient. For this, they need immaculate control and management systems. Such systems have allowed many wholesalers to earn above average return by venturing into newer models such as dropshipping. Many wholesalers combine their networks and provide a single communications point for the retailers. The retailer can view the information in real time and take orders accordingly to avoid any customer grievances.
• Scale: The whole business of being a wholesaler is about exploiting the law of economics of scale. As a rule, therefore, the bigger the scale of operations of the eBay wholesalers, the better price they can provide. They have significant bargaining power as the manufacturer considers them as an integral part of their sales force. Retailers obviously getting what they want, jump on to the bandwagon of the successful wholesaler. As a result, these ebay wholesalers get to pick and choose customers with good track records, which in turn further enhances their cash flow cycle and business possibilities.
• Network: A network is the most critical part of an eBay wholesaler’s infrastructure. We are not talking about computer networks, although they are the part of the picture. What really sets apart some eBay wholesalers from the others is the fact that they are always connected to the best deal by their network of agents or suppliers worldwide. They have up to date information about any wholesale lots that may be available for sale at a bargain price. So, while the others are ignorant of these facts, these guys close the big deals and make money by cutting prices on eBay.
• Systems: An eBay wholesaler’s job is that of keeping their operations efficient. For this, they need immaculate control and management systems. Such systems have allowed many wholesalers to earn above average return by venturing into newer models such as dropshipping. Many wholesalers combine their networks and provide a single communications point for the retailers. The retailer can view the information in real time and take orders accordingly to avoid any customer grievances.
• Scale: The whole business of being a wholesaler is about exploiting the law of economics of scale. As a rule, therefore, the bigger the scale of operations of the eBay wholesalers, the better price they can provide. They have significant bargaining power as the manufacturer considers them as an integral part of their sales force. Retailers obviously getting what they want, jump on to the bandwagon of the successful wholesaler. As a result, these ebay wholesalers get to pick and choose customers with good track records, which in turn further enhances their cash flow cycle and business possibilities.
• Reputation: Last but not the least is the concept of reputation. It must be understood that buying from eBay wholesalers requires investing a lot of time. There are not many people willing to take a chance on this. They will not mind paying a premium to a dropshipper whose record is better known. Hence, ebay wholesalers must ensure that they have a great online presence. Customers must be able to search for unbiased reviews. If the reviews are positive, the business will grow.
For more tips on how eBay wholesalers can use networking sites, log on to www.wholesaledeals.co.uk. They help you access the best dropshipper and the newest wholesale lot in the market for free!
Great blog, informative and up to date. Bookmarking your page. Thanks and more power!